War of words heats up as industry challenges UK spending caps
As the British pharmaceutical industry gets ready to negotiate the reimbursement regime in the country, representatives have expressed dismay at a move to raise the statutory revenue clawback rate.
The current negotiated settlement, the Voluntary Scheme for Branded Medicines Pricing and Access (VPAS), was agreed in 2019 and is due to be revisited at the end of the year.
Pharma firms AbbVie (NYSE: ABBV) and Eli Lilly (NYSE: LLY) recently quit the scheme, which caps overall spending, in protest at increased costs amid high levels of demand for drugs.
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